ALFA Finder| Revenue growth | 24.5% YoY consolidated growth. |
|---|---|
| Margins | JPL margins expanded 150bps; Retail margins down 80bps due to investments. |
| Demand visibility | Strong subscriber momentum in 5G and high omnichannel retail engagement. |
| Management confidence | Strong; record performance despite macro volatility and energy market shocks. |
Growth
EBITDA rose 10.1% to ₹54,067 crore. O2C revenue jumped 30.4% YoY; Jio Platforms EBITDA grew 15.1%.
Outlook
Ambition to double Retail operating EBITDA in 3 years. Capex of ₹38,682 crore focused on New Energy and Retail.
Risks
Retail margins impacted by hyper-local delivery investments; O2C weighed by SAED costs and planned turnarounds.
Last quarter's promises, checked
Delivered
- Guided ARPU growth organic → delivered ₹215.6 (= BEAT)
- Target 20,000 retail stores → delivered 20,000+ (= BEAT)
- Guided net debt/EBITDA < 1.0x → delivered 0.60x (= BEAT)
Partly delivered
- Target Jio IPO H1 2026 → delivered 'fairly imminent' status (= PARTIAL)
Missed
- Guided O2C throughput 20.3MT → delivered ~18.3MT (= MISS)
Earnings Call filed with NSE, NSE: RELIANCE. Summary written with AI assistance from the document.
Reliance Industries Ltd: key numbers
- Share price
- ₹1,335.40
- Market cap
- ₹18,07,135 Cr
- Revenue (annual)
- ₹10,57,035 Cr
- Net profit (annual)
- ₹80,775 Cr
- P/E (TTM)
- 22.0×Sector 17.5×
- Promoter holding
- 50.44%-0.04% QoQ
- FII holding
- 16.67%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Reliance Industries Ltd
All →Reliance Industries Debt & Borrowing: ₹1,558 Cr
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- Value
- ₹1,558 Cr
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Reliance Industries paid Rs 178.11 Crore interest on its unsecured NCDs (Series PPD H) on November 9, 2026, the due date. No delay is reported.
- Value
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Reliance Industries Credit Rating
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Reliance Industries Earnings Call Transcript: Key Takeaways
Record Q2: consolidated EBITDA ₹62,409 Cr (+24%) and PAT near ₹30,000 Cr (+34%), driven by an O2C windfall from energy disruption. Retail EBITDA fell about 11%.
Reliance Industries Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue ₹362,268 Cr (+27.8% YoY), EBITDA ₹62,409 Cr (+23.9%), PAT ₹29,550 Cr (+33.8%); record O2C-led quarter.
Reliance Industries Results Update
Reliance Industries' media release reports Q2 FY27 consolidated revenue of ₹3,62,268 crore and EBITDA of ₹62,409 crore. Profit after tax rose 33.8% year-on-year.